Sotheby's Investment Advice

[digi]

cost more than a frigging 458 Italia in Germany.

http://suchen.mobile.de/fahrzeuge/de...2&pageNumber=2

[Bunty]

Originally Posted by digi

I check the german listings once in awhile and ......

http://suchen.mobile.de/fahrzeuge/de...L&pageNumber=1

159,000 EUR

ok we adjust for the decline in the EUR, but.....

Lets not get carried away gents....these are asking prices. I think most smart people know we are now coming to the end of a very over heated classic car market that could go pop.

Investors are now trying to sell at the top of the market and make a good return. I think it's a risky time to be investing in classic cars at the moment. Long term though, the CSL will undoubtedly rise in value but I think we will see a correction downwards before that happens.

[Rick H]

Saddening to see in some ways. Can you still hoon and drift a £100k car?

Different if your net worth is in the millions but for mere mortals such as myself, the car is going to price itself out of the fun times sooner rather than later and my "use it up, wear it out" mantra will seem more ridiculous.

Looks like Hexagon don't have any in stock which is unusual. The cars I assume are finding more permanent homes these days.

[Chappers]

Originally Posted by Rick H

Saddening to see in some ways. Can you still hoon and drift a £100k car?

Different if your net worth is in the millions but for mere mortals such as myself, the car is going to price itself out of the fun times sooner rather than later and my "use it up, wear it out" mantra will seem more ridiculous.

Looks like Hexagon don't have any in stock which is unusual. The cars I assume are finding more permanent homes these days.

Different leagues but perhaps relevant in a "net worth vs vehicle worth" kind of way. Rowan Atkinson's reasons for selling his Mclaren F1 were exactly this, he'd planned to keep the car and keep using it and keep driving it forever but as it approached (and passed) £10,000,000 in value it became harder and harder for him to justify taking it out on the road.

Our cars will never be worth quite that, but the analogy I like to use is that taking a Mclaren out onto the road amongst normal cars is like taking a Picasso painting into a preschool class full of children doing finger painting. It's just not worth the risk.

[Rick H]

Originally Posted by Chappers

Different leagues but perhaps relevant in a "net worth vs vehicle worth" kind of way. Rowan Atkinson's reasons for selling his Mclaren F1 were exactly this, he'd planned to keep the car and keep using it and keep driving it forever but as it approached (and passed) £10,000,000 in value it became harder and harder for him to justify taking it out on the road.

Our cars will never be worth quite that, but the analogy I like to use is that taking a Mclaren out onto the road amongst normal cars is like taking a Picasso painting into a preschool class full of children doing finger painting. It's just not worth the risk.

As soon as mine reaches £100k, I'm chopping it in for a BAC Mono Won't hold my breath though hahahaha.

[Rick H]

Has anyone posted this on Cutters? Jon may be interested!

[khooni]

mine will never be worth anything so I track it for all it's worth.

I have a standard Gt3 RS and I don't track that as I worry about incidents while on track. It's a bloody shame and as a consequence i love my CSL more. It's so bad I've put my RS up for sale and am thinking about getting a lotus elise Cup. That should be a ball of fun, shame I can't get paddles.


I think some of us may acvtually go buy std m3 to gut so we can track the cars properly

[E46CSL]

Originally Posted by khooni

mine will never be worth anything so I track it for all it's worth.

I have a standard Gt3 RS and I don't track that as I worry about incidents while on track. It's a bloody shame and as a consequence i love my CSL more. It's so bad I've put my RS up for sale and am thinking about getting a lotus elise Cup. That should be a ball of fun, shame I can't get paddles.


I think some of us may acvtually go buy std m3 to gut so we can track the cars properly

Prices go up, use/enjoyment goes down.

& as prices go up, cost to maintain goes up (need to keep the service record intact, insure at higher values, storage) -real cash out whilst any potential value increase is on paper only.

[digi]

Originally Posted by Bunty

Lets not get carried away gents....these are asking prices. I think most smart people know we are now coming to the end of a very over heated classic car market that could go pop.

Investors are now trying to sell at the top of the market and make a good return. I think it's a risky time to be investing in classic cars at the moment. Long term though, the CSL will undoubtedly rise in value but I think we will see a correction downwards before that happens.

Not that I will sell. But 458 is also asking.

[digi]

Originally Posted by Bunty

Lets not get carried away gents....these are asking prices. I think most smart people know we are now coming to the end of a very over heated classic car market that could go pop.

Investors are now trying to sell at the top of the market and make a good return. I think it's a risky time to be investing in classic cars at the moment. Long term though, the CSL will undoubtedly rise in value but I think we will see a correction downwards before that happens.

considering fiat ccy is being debased on a daily basis (money printing - just ask prince draghi), this is but a normal reaction for valuable vehicles.

Yes, I think a asset correction will occur but again (like 08 correction), they will recover for the simple reason that holding paper assets becomes unsavory. So.......HOLD YOUR VEHICLES GENTLEMAN!

ZERO/negative return on fiat ccy, choice isn't hard.

Getting a track slag from a regular M3 is a prudent choice.